Lockheed’s Additional $3B Stock Buyback Plan Gets Board OK

lockheed martinLockheed Martin (NYSE: LMT) will buy back as much as $3 billion of company stock following approval from its board of directors.

The company said Thursday any transaction that will be made under its extended share repurchase program is subject to authorization from management and market regulations.

Lockheed reported $45.6 billion in net sales during the company’s 2014 fiscal year.

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